400000000000. 00 based on one guy got his team of engineers its not all that other stuff is this one guy so you know you dont have to manufacture something to be worth tens of billions or hundreds of millions of dollars right well how to get the valuation you get by multiplication of stock price times current number of shares outstanding and if you have knowledge on how to buy back your own stock and pump up those stock prices and executive Stock Options then you have a hierarchy where you actually didnt create anything for the economy you didnt engage in any capital expense expenditures a cap ex to expand your company in any way then what will happen is what will happen the i. B. M. You know they want to the whole stock buyback routine then eventually it played out in the companies a shambles or General Electric General Electric is almost absolutely out of business by trying to push me a miss instead. Products well find out one day if theres any if the fact that theres no there there
Current number of shares outstanding and if you have knowledge on how to buy back your own stock and pump up those stock prices and executive Stock Options then you have a hierarchy where you actually didnt create anything for the economy you didnt engage in any capital expense expenditures a cap ex to expand your company in any way then whatll happen is will happen in the i. B. M. You know they went through the whole stock buyback routine then eventually it played out and the Car Companies a shambles or General Electric General Electric is almost absolutely out of business by trying to push me amos instead of products well find out one day if theres any if the fact that theres no there there matters that all its also coincides 1975 we had only been off the Gold Standard for a few years so the Global Economy and global trade used to have more there there because if you sent us your oil or you sent us your manufactured good you got gold back in return now you can. A fluffy paper that co
We are talking about at a given moment but keeping you on track with market averages and how they are doing today and how they have been doing over the very last couple of rough days and how they are your today and certainly from the march 23 lows. We have come back for example s p 500 tech sector came back about 70 from those low so even with the ground a loss we are still up in that sector north of 30 year to date with all that die ration so we will keep giving you all of that perspective as well. Also, looking at whats happening with Political Development that may or may not move the markets we will get into the employment report that looks good on the surface, still looks good, but right now its being ignored for other features such as the technology downdraft. Always going into the Labor Day Weekend you worry about these things were seated people locked themselves in place and thats a traditional argument you here, but regardless, we will keep you uptodate on this as we expect to
Yesterdays speakers, maryland congressional candidate, kim klacik she is an internet superstar. All that on making money. Charles i think something profound happened to jer role powell during the two weeks when the Federal Reserve hiked rates, december 20th, 2019. It was the ninth Interest Rate hike of 2015 after essentially the fed went for seven years to zero percent. Powell was driven to some event days before christmas and hit a big pothole. As the driver looked to work out the flat tire, he saw a homeless woman panhandling money from complete strangers. He thought about his policies about runaway inflation that had yet to materialize. It was the old Federal Reserve playbook to slowdown the economy, something that hadnt reached the economy. January 4th, powell made comments not mention the plight of the women, he admitted to a epiphany. He changed course in history. I think he changed the course of the Federal Reserve, saying a strong jobs market, rising inflation does not rise con
Private sector economists, and members of the news media for this annual gathering. As you well know, it has been our custom for nearly four decades to welcome you to beautiful jackson hole, wyoming, part of the regions served by the kansas city fed. And i look forward to returning to that setting next year. With this years online format, instead of expressing my gratitude to those who travel from around the globe to attend this symposium while managing jet lag, i will offer my appreciation to those attempting to manage local time zones with the current time no ranges from 6 00 a. M. Thursday to 1 00 a. M. Friday. This year has been an extraordinary one for Monetary Policy and central banking. Many of the issues that we talked about for some time, including the low level of Interest Rates, slower case of growth, effects of heightened uncertainty, and how to effectively communicate Monetary Policy, have been amplified by the economic fallout of the pandemic. For more than a decade, it h